|Bitcoin Wallet||Specifications & Key Features||Price|
|Ledger Nano X||➞ Type of wallet: Hardware|
➞ Storage type: Cold
➞ Assets Supported: 5,500+
✓ Bluetooth enabled
✓ DApps support
✓ CC EAL5+ Certified Secure Chip
✓ Up to 100 apps installed
|Ledger Nano S Plus S||➞ Type of wallet: Hardware|
➞ Storage type: Cold
➞ Assets Supported: 5,500+
✓ DApps support
✓ CC EAL5+ Certified Secure Chip
✓ Up to 100 apps installed
|Atomic Wallet||➞ Type of wallet: Desktop & Mobile|
➞ Storage type: Hot
➞ Assets Supported: 300+
✓ Instant Exchange with Cashback
|Zengo||➞ Type of wallet: Mobile|
➞ Storage type: Cold
✓ Secured, powered by MPC
✓ No seed phrase vulnerability
✓ Instant Exchange
|Trezor||➞ Type of wallet: Hardware|
➞ Storage type: Cold
➞ Assets Supported: 1,000+
✓ Shamir backup
✓ Password manager
|Exodus||➞ Type of wallet: Desktop|
➞ Storage type: Hot
➞ Assets Supported: 245+
✓ Manage & exchange crypto
✓ Multichain Web3 Wallet
✓ Manage multiple portfolios
✓ Integration with Trezor
|Trust Wallet||➞ Type of wallet: Mobile|
➞ Storage type: Hot
➞ Assets Supported: 4.5M+
✓ Private & Secure
✓ Exchange Instantly
✓ DApps support
✓ Buy Crypto With a Card
|Guarda||➞ Type of wallet: Web, desktop & mobile|
➞ Storage type: Hot
➞ Assets Supported: 400k+
✓ Buy & Exchange Crypto
✓ Prepaid Visa card
✓ Integration with Ledger
I am sure you have heard about Bitcoin by now.
And I’m also pretty confident that some of you might even own some bitcoins!!
But where are you keeping those bitcoins?
On Bitcoin exchanges like Binance, BitMEX, or hosted Bitcoin wallets such as Coinbase or CEX?
If that’s your answer, then you are putting the ownership of your bitcoins at serious risk!!
These services keep your Bitcoin private keys under their custody on your behalf. This is not a safe practice, as your Bitcoin private key is the only way to claim your bitcoins.
If you don’t know, consider reading this guide on private keys, and the MtGox hack.
So now the question is, where should you keep your bitcoins?
Here at Coinsutra, we don’t write about things that we have not personally used.
Moreover, I think one needs to look for the following things when selecting a reliable Bitcoin wallet, irrespective of whether it is a software or a hardware wallet:
- Control private keys – A wallet where you own and control your keys.
- Backup & security features – Seed backup keys and pin codes.
- Developer community – Active development community for maintenance.
- Ease of use – Elegant UI for fast and easy use.
- Compatibility – Compatible on different operating systems.
Now that you know what to look for in a Bitcoin wallet, let’s check out the top 5 best Bitcoin wallets.
- The Best Bitcoin Wallets: (Hardware, mobile & desktop)
- Understand what Bitcoin wallets are with an example:
- Different Types of Bitcoin Wallets:
- Bitcoin wallets based on connectivity
- Bitcoin wallets based on custodianship of keys
- Which Bitcoin Wallet Should You Use?
The Best Bitcoin Wallets: (Hardware, mobile & desktop)
Ledger Nano X is a hardware wallet from a French start-up. This is the most modern and functional Bitcoin wallet you can purchase in 2023. This hardware wallet works with desktops and mobile and comes with an in-built battery. Read the detailed Ledger Nano X review here.
From the security perspective, it has two chips (1 is for the secure element) which ensure your private keys never get exposed to the world.
You can store up to 100+ cryptocurrencies, and using Ledger Nano X, you can use it as a login for many exchanges.
Some of the supported coins by Ledger Nano X are:
- Ripple (XRP)
- Binance chain (BNB)
- Cardona (ADA)
- Monero (XMR)
- All ERC 20 Token
This is by far the best option that you have. The hardware wallet is priced at $119 and offers free shipping.
Ledger Nano S Plus is the newly designed and updated version of popular Ledger Nano S wallet. It is like a USB drive that connects to any USB port. It doesn’t have a battery and only starts when plugged into a computer (or mobile device).
The newer model offers storage space of up to 1.5 MB, which means you can manage multiple blockchains without uninstalling the existing app. This was one of the biggest headaches with the “Ledger Nano S” version. It also comes with an OLED screen and two side buttons for confirming transactions.
When you configure your Nano S Plus as a new device, you need to set up your pin code to secure your wallet. After that, note down and store your 24-word recovery phrase. This recovery phrase can be used anytime to restore your bitcoins.
With this wallet, your private keys are stored offline, so you need not worry about the safety of your coins.
Nano S Plus is also the cheapest high-quality multi-currency hardware wallet ($79).
The Ledger Nano S Plus wallet supports the following major cryptocurrencies:
- Bitcoin (BTC)
- Bitcoin Cash (BCC)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Dash (DASH)
- Dogecoin (DOGE)
- Zcash (ZEC)
- Ripple (XRP)
- Stratis (STRAT)
- Komodo (KMD)
- Expanse (EXP)
- Stealthcoin (XST)
- NEO (Works with NEON Wallet and supports GAS too)
- and more…
Also, it is a multi-currency wallet where you can store/manage more than 700 coins and ERC20 tokens all at once. And you can see the list of all supported cryptocurrencies here.
Check out other supported currencies on Ledger here: Which Cryptocurrencies Are Supported By The Ledger Wallet?
Note: You should always use a hardware wallet when you have a lot of bitcoins or altcoins.
Watch this video on Coinsutra’s YouTube channel to learn how to set up your Ledger Nano S.
Atomic Wallet is a multi-currency custody-free wallet that supports over 300 coins and tokens. This one is the first cryptocurrency wallet with decentralized cross-chain atomic swaps. Users can exchange Bitcoin, Litecoin, and QTUM with no intermediaries. The team of Atomic Wallet plans to enable Ethereum for the swaps, as well.
Apart from that, Atomic Wallet provides a built-in regular exchange service for a range of cryptocurrencies, and an option to buy XRP, BTC, LTC, and ETH with a bank card.
All these features are well crafted in one clear and comprehensive interface. You don’t need to verify your identity or register. You download the wallet for your operating system, install it and start using it. Currently, Atomic runs on a range of desktop operating systems, such as Windows-64 bit and macOS. Linux, etc., will also be available for Android and iOS devices.
Like other non-custodial wallets, Atomic generates a mnemonic seed for your wallet and encodes private keys in your device. If you are about to store your crypto in Atomic, you must write it down and keep it in a secure place, since the seed is shown only once and not sent via email.
The wallet supports private keys import, so you can move your funds from any other wallet to Atomic in a few clicks.
Interestingly, Atomic Wallet provides its interface for custom tokens, so anyone is able to add their custom tokens by importing a smart contact address. That’s quite a convenient option when it comes to ICO campaigns.
Regarding the latter, Atomic is planning to release its underlying ERC20 token by the end of 2018 and is now running a bounty program where everyone may participate before the public sale.
To sum up, Atomic Wallet seems to be quite a non-typical cryptocurrency project. In one place, you can manage 300+, exchange and buy some of them, try innovative Atomic Swaps, get access to custom tokens and participate in the bounty. And all these features are performed in a non-custodial manner.
4. Zengo wallet
Let’s accept that managing the seed word or private key is one of the most challenging tasks for the broader adoption of Bitcoin. Zengo is on a mission to solve this by letting you or your family manage a self-custodial wallet without the need to store your own seed words or private keys.
Zengo uses the MPC cryptography technique to avoid private key vulnerability. I will share a detailed review of Zengo in the coming days, but for now lets look at what all you will be getting with Zengo.
Here are a few features of Zengo which might make you start using this as your Bitcoin wallet –
- Buy Bitcoin or other cryptocurrencies from the wallet app
- Swape or trade cryptocurrencies from the app itself
- Manage your NFT’s
- Supports multi-cryptocurrencies
- 24*7 customer support
Read detailed review of Zengo Wallet.
Presented by SatoshiLabs, a Czech Republic-based company, Trezor Model T is one of the OG of Bitcoin hardware wallets.
It is a small device with an OLED screen, which connects via a USB to your personal computer or phone. Its fundamental purpose is to store your private keys offline and sign transactions.
The initial setup is a bit different from the Ledger Nano devices.
With Trezor Model T, when you first connect it to your PC, it shows a nine-digit pin code on its OLED screen. You must enter the same pin code by clicking on your corresponding PC screen. This code is generated randomly every time you connect Trezor and ensures that even a tampered PC can’t get your pin.
After entering the pin, you will be asked to write your 24-word recovery seed. Again, you need to keep your recovery key safe because this is the only way you will be able to restore your bitcoins.
Trezor now supports many cryptocurrencies:
- BTC – Bitcoin
- ETH/ETC – Ethereum/Ethereum Classic
- NMC – Namecoin
- LTC – Litecoin
- DOGE – Dogecoin
- ZEC – Zcash
- DASH – Dash
Update: Trezor now supports more than 600 cryptocurrencies/tokens for more details, read: Which Cryptocoins Does Trezor Hardware Wallet Support?
It is available now for Windows (version 7 and higher), OS X (version 10.8 and higher), and Linux. You can also use it with your Android devices.
It is available in 3 colors – white, gray, and black – and costs $215.
- Also see: Bitcoin hardware wallets
Exodus is a free-to-use, desktop-only wallet crafted by JP Richardson and Daniel Castagnoli in mid-2015.
It is the world’s first multi-cryptocurrency desktop wallet.
Looking at Exodus.io, you can tell that the company is putting a lot of effort into creating a good user experience.
You can store your bitcoins without worry, as Exodus has no hosted servers or logs. It currently supports cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, Dash, Golem, and Augur.
No registration or identity verification is needed to start using Exodus. But you certainly need to take a backup of your seed key!
If you want to access and spend your funds, you are required to set a password.
While taking a backup of your seed key, it also asks for your email id for sending you a one-click link recovery feature. You can always use this email link along with your password to restore your Exodus wallet.
However, one thing to remember while using Exodus is that you can only take a backup of the seed key when you have some balance in your wallet.
I like using this wallet because a pie chart at the center shows your entire token portfolio in one glance. The UI is very nice.
Exodus is the first desktop wallet to have ShapeShift built in for exchanging cryptocurrencies.
And if you need help, you can get personal support from the founders via email.
It is available on Mac, Linux, and Windows.
7. Trust Wallet
Trust Wallet is the world’s leading multi-asset digital wallet which stores both bitcoins and altcoins.
It currently supports 13 crypto coins and is an ideal choice for multi-cryptocurrency users.
With an active development team working at lightning speed, it’s also very reliable. Altcoins such as Binance, Monero, Tether, Ripple, and many more are on their development roadmap.
Trust Wallet provides a seamless, frictionless, and easy-to-use UI. It takes no email verifications, no onboarding, and no usernames/passwords to start using Trust Wallet.
It is an HD wallet that comes with a seed backup key feature. The seed key helps you in controlling and restore your crypto assets in case your device is damaged or lost.
You can export your private keys and import bitcoins or altcoins from paper wallets.
It is available now on Android and iOS.
Guarda is one of my favorite Bitcoin wallets.
It is an open-source and well-established Bitcoin wallet with an active developer community that is always innovating.
This is a frictionless tool for storing bitcoins, as it requires no email verifications, no onboarding, and no usernames/passwords to get started.
If you are new to Bitcoin, you will love Guarda’s very easy-to-use UI.
Moreover, you control your Bitcoin private key and can always import it when you need to.
Guarda is a non-HD wallet that provides you with a 12-word backup seed key which you should write down somewhere and keep safe. If you damage or lose your device, this backup seed key will enable you to recover your bitcoins.
Guarda is compatible with Ledger Nano wallets.
Guarda is available on all platforms.
Always remember: If you lose those 12 words, you will lose your bitcoins.
9. Best Bitcoin Lightning Network wallet
As the Lightning Network adoption increases, you must have a lightning network-supported Bitcoin wallet. This way, you would not be restricted by the high network fees of the Bitcoin network and use services like Bitrefill, and Paywithmoon, to name a few.
Here are some of the best Bitcoin lightning network wallets:
- Breez wallet (iOS and Android)
- Muun wallet (iOS and Android) – Recommended
- Blue Wallet (iOS and Android)
The Best Ways To Store Bitcoin – Crypto Wallets
|Name of Crypto Wallet||Types Of Wallet||Rating|
|Ledger Nano X||Hardware Wallet||10/10|
|Trust Wallet||Mobile Wallet||9/10|
|Guarda wallet||Mobile Wallet||9/10|
|Muun Wallet||Mobile Wallet |
It’s important to store Bitcoin away from an exchange. If you don’t do this, you risk losing all of your coins instantly.
Luckily, you have many online and offline wallet options available to you.
Understand what Bitcoin wallets are with an example:
You have your email address based on which service you are using like [email protected]
This is a public address (i.e., everyone can see it, and you can share it with anyone for receiving emails). And you have a software/service like Gmail or Hotmail through which you send and receive your mail.
And you have a password to log in to your email service to send mail on others’ email IDs (others’ public addresses). But your password is confidential and private for your own use and theirs is confidential and for their own use.
And the software/service understands both the public address ([email protected]) and your password (private address) to successfully log in and send/receive/store emails.
Similarly, for sending/receiving/storing bitcoins, we require a wallet on the Bitcoin network, which is nothing but a place that stores our public address (a place to receive bitcoins) and a private address (to send/spend bitcoins).
So in short, the place where you have your bitcoin address to receive bitcoins and the private key to send/spend bitcoins is called a Bitcoin wallet. In an even more simplified way, a wallet is a digital file that stores your bitcoins.
- Bitcoin Address + Private Key = Bitcoin Wallet
Different Types of Bitcoin Wallets:
There are a lot of Bitcoin wallets available out there in the Bitcoin world. To make it easier for you to understand, I have classified them based on specific criteria, such as online connectivity, custodianship, and device availability.
Hardware Bitcoin Wallets (aka Cold Storage)
This is the most secure and safest way to store your bitcoins because they are stored in an offline environment.
At the time of this writing, there has been no reported theft or loss of bitcoins from a hardware wallet. The private keys and digital signature needed to spend bitcoins are generated via these wallets.
I will explain about Bitcoin private keys in the upcoming articles…
Mobile Bitcoin Wallets
Bitcoin wallet applications that are installable on mobile phones are called mobile wallets. For each mobile operating system, such as iOS, Android, Windows, and Blackberry, compatible wallets are available.
Below are the various Bitcoin mobile wallets and each mobile OS compatibilities. The one that I prefer using is TrustWallet on my Android phone. They have integrated a lot of security measures & are quite safe. At the same time, there are many more mobile wallets that you can pick based on your smartphone’s OS.
Desktop Bitcoin Wallets
Desktop wallets are Bitcoin wallets that are installable on different desktops, and as per the user’s needs, are compatible with Windows, Mac, and Linux.
Below are various Bitcoin desktop wallets compatible with all operating systems.
- Bitcoin Core
Web Bitcoin Wallets (aka Hot/Online/Hosted Wallets)
Wallets which are basically web services and are accessible through web/internet-based browsers such as Google Chrome, Firefox, and IE are called web-based Bitcoin wallets.
The private keys are held online in these kinds of wallets. They are accessible via an internet address such as https://xyz.com.
They are also called “hosted wallets” because you store your bitcoins on the servers of the agency which you have chosen as your online wallet.
Paper Bitcoin Wallets (aka Cold Storage Wallet)
Paper wallets are a piece of paper with a public address and the private address printed on them.
You can use the public address to send any amount of bitcoins. You can then save the piece of paper as it also contains the private key, which can be used to transfer/spend bitcoins or sweep the Bitcoin paper wallet completely to another wallet.
Since the keys are offline, printed, and secured by the owner, there is no threat of any electronic damage to bitcoins unless the printed keys are lost.
Read: Bitcoin paper wallet
Bitcoin wallets based on connectivity
Hot Bitcoin Wallets (Online)
Wallets in which bitcoins are stored online and connected 24/7 to the internet are called hot wallets. Such Bitcoin platforms and services which can receive/withdraw bitcoins for their users are hot wallets. They are very much like the wallet you have in your pocket.
Akin to a cashier in a bank who has not kept the money deposited in the bank vault but left it on his/her desk, your bitcoins are always under threat when placed online and connected 24/7.
Cold Bitcoin Wallets (Offline)
And you must have guessed, those bitcoins stored offline in hard drives or USB drives or paper, away from internet connectivity, are called cold wallets.
Read: What is Cold storage in cryptocurrency
Bitcoin wallets based on custodianship of keys
Custodial Wallets (3rd Party Services)
When you entrust your bitcoins to be held by some agency/exchange on your behalf, it means you are trusting them and storing your bitcoins with them on their servers, thereby giving them custody of your bitcoins.
When you entrust your bitcoins to nobody and take responsibility for your own funds by saving your Bitcoin private keys yourself, such wallets are called non-custodial wallets.
Which Bitcoin Wallet Should You Use?
It is a tricky question.
The type of wallet you should use depends on your level of activity and the level of security with which you want to handle your bitcoins.
It also depends on how frequently you use your funds and how much you want to store in any particular wallet. Also, are the bitcoins you possess for your savings/investment, or are they for daily transactions?
I prefer hardware wallets like Ledger Nano X for storing a significant amount of bitcoins because of the high-security features. And I use desktop wallets to keep bitcoins which I am not using for daily transactions. So that whenever required, I can quickly connect my desktop wallet to the Bitcoin network and transfer bitcoins.
I only use web wallets or mobile wallets to keep small amounts of bitcoins, similar to a wallet in my pocket for daily transactions.
Which wallets do you prefer to use? Have you used any on this list? Let us know in the comments below!
Like this guide to Bitcoin wallets? Could you share it with your friends?
Here are a few hand-picked guides for you to read next:
- Best Segwit Enabled Wallets For Bitcoin
- Security Risks of Mobile, Web & Desktop Bitcoin Wallets [Must Know]
- Here Is A List Of The Best Cryptocurrency Trading Sites For Beginners [Updated List]
If you want to learn about paper wallets, check out this article.
I hope this detailed article on the different types of Bitcoin wallets – including software, hardware, and desktop wallets – will help you in making the right choice for yourself.
How many bitcoin can you store in a bitcoin wallet?
You can store unlimited bitcoin in a bitcoin wallet. There is no minimum or maximum limit.
Which Bitcoin wallet is best for a small amount?
If you are storing less than 0.1 BTC, use the Trust wallet or xDefi wallet.
Which Bitcoin wallet is best for storing the huge values of Bitcoin?
A hardware wallet is the most secure way to store any value of Bitcoin. If you are storing Bitcoin worth $700 or more for the long term, you should order a hardware wallet such as Ledger Nano X or Ledger Nano S Plus.
Do let me know which bitcoin or altcoin wallet you are using in the comments section below.
And if you find this post useful, share it with your friends on Facebook & Twitter!
Further Suggested Readings:
113 thoughts on “The 8 Best Bitcoin Wallets For 2023 (Editorial)”
Any specific reason you do not recommend electrum?
Not really. Will put that also but it is not that user-friendly for noobs. Also one needs to face issues while claiming forks.
I have some bitcoin in paper wallet. What is the best way to sweep it and put it on the exchange ?
– Blockchain wallet – Very bad reviews. People have lost their bitcoin even when 2fa was on. I would like to avoid to sweep on blockchain wallet
– Coinomi – Extremely bad reviews on playstore. People have lost their bitcoin too.
What is the most reliable way to sweep bitcoin ? I can’t afford to loose it. How about MyCelium and electrum ?
Dear sir, im very new to bitcoin systems. i want to know that is the desktop bitcoin wallet and mobile bitcoin wallet are different?
suppose, i earn from some bitcoins working from my desktop computer and again im earning some bitcoins (where some sites does not support on mobile) working from my mobile phone. So, do I need to have 2 different bitcoin wallets, one for desktop and other for mobile?
please help me!, im waiting for your response.
Yes, Bitcoin Desktop wallet and Mobile wallets are different but there are methods by which you can use the same wallet in mobile and desktop too… Jaxx is one such wallet also you can use Exodus desktop wallet and can use its seed keys to install the same wallet in your mobile via Jaxx wallet. Please learn more about Wallets and private keys from our blog.
Hi, SUDHIR KHATWANI The ledger nano s is an Awesome hardware wallet But the Ledger Nano S Is bit complicated not easy To use For newbie.
I would like to buy ether via debit card, lets say on CEX.io (they currently have a “hold on” for new registrations). The question is, do I need a wallet to store my ETH when I buy it, or I will have it automatically by registering on CEX?
I have downloaded Exodus (my balance is 0 for now), but do I need it? And since I read in the comments above that is not an open source, which one would you recommend second best for ETH and BTC as well (desktop or mobile versions)? And how do I transfer the ETH from CEX. (or any website trading cryptocurrencies) to any wallet? Any tutorial about this?
Yes, you need a wallet to store ETH.
Use Exodus or MyEtherWallet for Web/Desktop they are good.!!
I want to invest in bitcoin but GoI planning to block Indian based bitcoin exchanges. So how could I invest.
It is still planning not banned. If banned buy from LocalBitcoins and LocalEthereum
Well until all fiat currency movement is banned in India or China you can still buy bitcoins on another external exchange! All this bans and regulation is just plain silly if you think about increased fiat currency cross-border movements in all countries as economic globalization is in full march and unlikely to be stopped! Yes, cost of acquiring bitcoins and altcoins will increase with such local bans but can’t be stopped because when you buy bitcoins at an exchange that bitcoins is yours bitcoins when you move to a new bitcoin address all you acquired bitcoins. The blockchain bitcoin global ledger do not have any notion of geographical borders is a child of the internet network.
I just found your site and just subscribed to your newsletter, too. I am seriously considering the Ledger Nano S for some XRP I have, and probably other types of coin I will buy in the future. What happens if the Nano gets lost, gets crushed, or gets data corruption? Is there any recovery technique for this device, or rather the coin stored on it? I noted in this article that with something like Mycelium, you have 12 words that will help you recover your coins. Is the Ledge Nano also safe in this respect? Or if the device gets damaged, then you lose everything?
No, you don’t lose anything if you have the 12 or 24 words seed keys even if your device is damaged or lost. You can recover your funds from 12 words always.
After posting my comment above, I believe I found the answer. The 24 words, as shown in your video about the Nano Ledger, are the key to recover your coins should something happen to the device. This was not entirely clear in the video. It came across in the video as a security technique for access. But I found something on the Ledger website after doing some digging that alludes to that. Is this correct? Like Mycelium has 12 words, you can have up to 24 words with Ledger that will help you recover your coins on a different Ledger device?
Yes correct !!
That master recovery key is basically a string of word mnemonics. So instead of a secret key like abc you have a string of words like adam bob cabin. More easy to remember. Is even more, you do not store a secret password you store a secret password seed used to generate algorithmically a string of different secret passwords! Its called deterministic wallets mnemonics so what you get is a way to unlock with a single string of mnemonics an infinite string of secret keys who will unlock an infinite number of bitcoin addresses!
It is a great article on BTC wallet. I am new to Crypto currency. I have invested in BTC now via zebpay. Can you tell me when I should consider to shift my coins to a wallet (any tentative amount threshold) and how much we can trust on zebpay ? I have seen many tickets about withdrawal issue in zebpay.
I have installed Mycelium but seen so many negative reviews on play store recently. As I am a beginner now I am depending on your opinions more than my experience. So what will be the best option for me?
Coinomi and Mycelium are good for small amounts. Ledger Nano S for significant amounts. Don’t transact less than 200$ as it will cost you huge fees.
Hi, SUDHIR KHATWANI Thank you for showing these wallets But I have chosen Ledger Nano S can You please tell I can buy it Amazon Store?
I won’t recommend that. You should buy it from Official Ledger Website.
Dear Sudhir, Thanks a lot for your insightful article.
I am based in Sweden and have kept my bitcoin on BTCX wallet, installed on my Android Phone. I dont have any recovery key / phrase. Can you please suggest how to get the same.
Also, I am concerned about the safety of my bitcoins in case of theft / damage / loss of my phone, and want to move the bitcoins to the safest option. Which one is more safe, hardware or desktop or mobile? I am willing to buy a paid wallet subscription also, if there is any.
Ledger Nano S is the safest you can get at a minimal cost.
Great tips! If you need to purchase bitcoin or Ethereum fast, buy it with a credit card or debit card at CoinMama.
There’s no hidden charges and you’ll get live pricing.
It is available in 226 countries worldwide, and also accepts all local currencies.
Is it possible to store bitcoins temporally in a wallet like Mycelium and then transfer
to Ledger Nano? Am asking this because ledger nano is presently on pre order and will start dispatching only after March 26th.
If yes, please direct me where I can read how to go about this.
Thanks in advance 😉
Yes, you can transfer it to Ledger later just like transferring to/fro from any other wallet.
What about enjn wallet a good option? How would you rate the safest option to store multiple altcoins and ethereum coins from metamusk, exodus, Coinomi and Mycelium until i recieve my ledger wallet ?
My apologies I meant Enjin Wallet available for android on google play (it is also a coin). And how would you rate/order in terms of safety and ease of use and updates of the above options exodus seems best display but i hear metamusk is better, safer and up to date. Can you rate them in order – for example safest option is x then y, z etc.? (until ledger arrives in two months time)
Pretty new, I will still go with the above options.
I have BTC, LTC, XRP, XLM and ADA.. can you recommend one wallet providing services for all these crytpos..
Ledger supports BTC, LTC, XRP and XLM
For ADA, you can use official wallet.
Please, I have been trying to buy KIN coin for a while now. But in the COSS.IO platform, I could not find any option on pair for KIN coin. Please I need someone to tell me how I can buy KIN coin. Cheers
You may try to get it from IDEX, one of the best ERC20 exchanges available.
Hi, what’s wrong with Bitcoin-QT? I find it easy to use. I would be nervous using a hardware wallet in case it became faulty. Why not store the wallet.dat file on multiple off-computer SD cards and DVDs? I’ve tried to make paper wallets, but it means using another software wallet that I’m not familiar with, and I cannot find some simple instructions how to do this. Any instructions I find the author usually rants on in technibabble and I just get lost.
I have 400 verge coins which I exchange on Challengely in return of Litecoin. Now, I have stored them in official verge wallet. I want to hold them for long term. Is it safe with verge wallet? or I need to take other actions. Please advise . Thanks
Yes, Verge official wallet is fine, just keep updating it once versions are available.
I am from India, So which exchange is the best for me? I want to buy the BTC!
These are some of the best to pick from – https://coinsutra.com/best-indian-bitcoin-websites/
Dear Sir, I am new to crypto world. I want to buy some Ethereum using USD so that i can purchase tokens later on. Tell me from which exchange i can buy coins initially. By the way i am from Sri Lanka
Changelly or Coinmama is good for Ethereum, you can buy directly from your cards and later transfer that ETH to Binance or MXC exchange to buy your tokens.
Can not buy from changelly as Sri Lanka is not in the list. Coinmama’s price is 40 USD high than the going price and also they charges 5% top of it. Is there any option i can purchase.
Thank you for the article. Do you know of any wallets that will let us store a wide variety of altcoins? e.g. Bitcoin, Bitcoin Cash, Litecoin, and Theta, Neo, Omisego, Digibyte, Populous, Reddcoin, Pillar and Veritaseum.
Most can be stored in Ledger Nano S. Except Pillar I guess.
I am confuse about private key. Where is the private key are store? In the nano? Is the 24 seed word is the private key itself. Is the 24 seed word encode in the nano?
24 words are the seed and that generates private keys every time deterministically you activate your nano.
totally agree with Exodus its real easy to use . a must for beginners .
I’ve always liked Electrum
You are right! Today everybody is trying to cheat you, no matter you are keeping it or changing.
I use Trezor to keep and BestChange for exchange. That always works perfectly.
Little grammatical error – one of the last sentences should actually read:
“It’s important to store Bitcoin away from an exchange. If you ‘DON’T’ do this, you risk losing all of your coins in an instant.”
Thought you might like to know seeing as it’s the essential point of the entire article.
In respect of damage or loss of the bitcoin hardware wallet device
The beauty of Hardware wallet is in the fact that even if you damage or lose device, you can get your coins back. The only important things are 24 seed words which are your private key… As long as you have these words, you can retrieve your funds. So keep it safe, and there is nothing else you should worry about.
Nice post, this post help me to choose best bitcoin wallet. Keep up the work
Hi Harsh – great article!
Quick question: bit worried about recent hacks on exchanges.
Was wondering: once I’ve sent my BTC to an exchange, will it still be possible for me to identify my BTC, if there’s a problem, or will it just be mixed in with everyone else’s BTC and unidentifiable?